We have setup a new Software Services Company and opened a current account. Our banker assured us (verbally) that we do not need an IEC code (Importer Exporter Code) to recieve foreign inward payments from our clients in US.
However, from other sources, we are getting an opposite response.
What it the correct procedure? Do we, as a software development Service Provider, need it or not ? Or is there a limit upto which, companies can recieve remittances without an IEC code?
Please advice. Please also let us know if you can recommend any consutant who can get the registration done for us in Kanpur?

Regards.

Sir,
my query is about the applicability of Alternate Minimum Tax on Individuals & HUF.
is it applicable on above if yes then kindly give me the complete clarification on Such above matter and also give the Circular OR Notification no. link for Verification.

Thanks

Dear CCI Members
i want to know CAS 4 certificate
1.to be prepared monthly/yearly basis
2.individual product wise/consolidated for all products.
3.how that is going to effect in CAS 4 if there is price increase of raw material in the middle of the month/year.

Sir, My is an SSI unit and I am importing second hand weaving looms under 3% FOB Basis EPCG Scheme.
I am applying for the license of the same.
When i applied the export obligation in INR comes to only 3 times of duty saved where as the actual export obligation figure should be 8 times of duty saved.
How can i change the export obligation figure to 8 times??

i have recently qualified as a CA, now i want to pursue CS. how can i take admission in cs? is there any exemption from any exam as i am a CA? I also want to know about the training period?

what can i do after 12. my stream is commerce

Dear All,
I had started my article ship training on 15-10-2011.I was converting from PE-2 to IPCC. when i can attend my final exam ? can i write this November (Nov-2013) ?

a partner has earned rs. 1000000 as interest from his partnership firm. he has taken some loan for partnership firm purpose i.e., business purpose. the interest payable comes to rs. 900000. he has paid this amt from his own pocket. can he set off this amt of 900000 from the interst earned of 1000000

I am in a partnership firm where there are 2 partners whose profit sharing ratio is equally between both.
My question is how do i calculate the interest on the partners capital ??

Can we take delivery of goods at warehouse other than IEC code branch?
We need to do this just for inspection of goods & sending it to our end user. We just need to change documents before sending goods to final user.